Three stocks - Apple, Amazon, Berkshire Hathaway - turned $1,000 into $1 million or more

From Nasdaq: 2024-09-26 05:21:00

In the past 50 years, the S&P 500 rose 5,240%, making it seem impossible to find a stock that can turn a $1,000 investment into $1 million. However, companies like Apple, Amazon, and Berkshire Hathaway have made millionaires out of patient investors with jaw-dropping gains over the years.

Apple went public in 1980 and a $1,000 investment in its IPO would be worth $2.28 million today. It is now the world’s most valuable publicly traded company with a market cap of $3.47 trillion. Under the leadership of Steve Jobs and Tim Cook, Apple has continued to innovate and grow its revenue at a CAGR of 17%.

Amazon went public in 1997 and a $1,000 investment in its IPO would have grown to $2.55 million. With a market cap of $2.01 trillion, Amazon has revolutionized e-commerce and cloud infrastructure markets, generating revenue growth at a CAGR of 37% from 1997 to 2023.

Berkshire Hathaway, founded in 1839 and taken over by Warren Buffett in 1965, listed its Class A shares at an IPO price of $290 in 1980. A $1,000 investment in those shares would be worth $2.36 million today. Berkshire operates recession-resistant businesses and has consistently outperformed the S&P 500 with a CAGR of 17% since its IPO.

The Motley Fool Stock Advisor team identified 10 stocks for investors to buy now, excluding Apple. The service has outperformed the S&P 500 since 2002, providing investors with a blueprint for success, including building a portfolio and regular updates from analysts. Consider investing in companies like Nvidia for potential monster returns.



Read more at Nasdaq: 3 Stocks That Turned $1,000 Into $1 Million (or More)